Sears Holdings has added restructuring expert Alan Carr to its board as the retailer approaches a key debt payment it has already warned it may not meet.

Carr is CEO of restructuring advisory firm Drivetrain. In his former role as attorney at law firm Skadden, Arps, Slate, Meagher & Flom, he served as director of reorganized businesses, the Sears release announcing Carr's appointment said...